November was another good month for Fair Haven real estate sales. Nine (9) homes closed during the month, compared to 6 in November 2012. The monthly statistics should bring smiles to Fair Haven home owners: the average November sales price was up 64% ($797,222 compared to $485,616 last November) and the median sales price was up 37% ($712,500 compared to $519,500 in November 2012).
Market data from one month doesn’t mean very much, especially when you’re talking about sales of just 6 or 9 homes. We get a much clearer view of the local real estate market when we look at our 2013 year-to-date statistics, which are as follows:
January 1 – November 30 Fair Haven Single Family Homes:
Sales were up 18% (98 in 2013 compared to 83 in 2012)
Listings were up 7% (31 at the end of November 2013 compared to 29)
The average sales price was up 8% ($780,782 in 2013 vs. $721,223 in 2012)
The average listing price was up 7% ($812,966 in 2013 vs. $757,052 in 2012)
The average sales price to listing price percentage was up (96.0% in 2013 vs. 95.3% in 2012)
The median sales price was similar ($660,000 in 2013 vs. $662,500 in 2012)
The real estate absorption rate was much shorter (3.2 months in 2013 vs. 5.2 months in 2013)
If you’re not a “numbers person”, all this information may seem a bit overwhelming. I’d be glad to sit down and go over it with you- no obligation, of course.
If you’re looking to buy a home in Fair Haven, it’s good to have this information, no matter what type of home you’re looking for or in what price range. I love being a professional REALTOR® and I’ve lived in Fair Haven since 1975. It would be my pleasure to work with you, help you find the right home and negotiate the lowest price for you within your budget. Please let me be the REALTOR® you think of when you think of a home in Fair Haven.
(732) 239-0739 (cell) (732) 530-6686 (office)